NEWCASTLE SCIENCE CITY Estelle Chatard Newcastle Science City

NEWCASTLE SCIENCE CITY Estelle Chatard Newcastle Science City 9 th February 2009 Prosperity from Science for Newcastle

Overview • Newcastle Science City – Policy Context: local/global – Key Activities • Newcastle Innovation Machine – Insight-led Innovation – De-risking the entrepreneurial process • Concluding remarks

Understanding the National Perspective: • Increasing investment in the science base partly driven by desire to raise business competitiveness and economic benefit via innovation • Build on National initiatives to maintain worldclass research capacity to sustain global positions: UK should benefit from science and innovation outside of South East • A wider range of partners to be involved including Universities

Local Perspectives • Regional Development Agencies looking to local universities and triple helix partnerships to contribute to city and regional performance through knowledge exploitation – From Strategy for Success – To Innovation Connectors

Innovation Connectors Rooting the global in the local • Ensuring some of the economic benefits arising from public investment in the science base “sticks” within the domestic economy (local, regional, national) via spinouts, transforming established businesses and attracting science based inward investment • Nurturing, attracting and retaining talent – schools, work based university learning, graduate retention in local business, returning alumni, business orientated academics • Putting geography into the “triple helix” of government / industry / university relations to create prosperity from Science

Newcastle Science City “Prosperity from Science for Newcastle”

Newcastle Science City A Branded way of working in partnership • 3 Founding Partners: • One North. East • Newcastle University • Newcastle City Council • Building the partnership • Locally: Northumbria University, International Centre for Life, NHS, Centres of Excellence … • Nationally: 6 Science Cities… • Internationally: EU Projects

NSC Priorities BUILDING THE PARTHERSHIP EDUCATION & SKILLS Prosperity From Science For Newcastle INFRASTRUCTURE INNOVATION

Building the Partnership • Extending the partnership and promoting the partnership • Manage the Newcastle Science City brand on behalf of all stakeholders and Science Citizens • Building a Portfolio

Science Road Mapping Stem Cells & Genetic Sciences Molecular Engineering Ageing & Health Energy & Environment

A Great Brand for Newcastle and the city-region Cleaning up polluted water in disused mines

Building a Portfolio Research & Development Incubation Design Open Innovation SMEs and Startups Schools Communities

Infrastructure For Science and Business

Education • Education in schools, FEIs and HEIs • Skills • Community Engagement • Public Engagement

INNOVATION The Newcastle Innovation Machine (NIM)

Why NIM? • Innovation recognised as a driver for economic and social growth • Creating more high-growth businesses recognised as a need in the North East • Innovation can happen in many places and be implemented using different approaches and tools

The Challenge

NIM in context Invention Technology Idea Technology Push BUSINESS Market Research, Money, People IP Unmet Need Market Pull Building IP through technological, customer, supply and business model insights BUSINESS

NIM in context (2) “Innovation is the creation of an unfair competitive advantage through bright ideas that people will pay money for” An entrepreneurial person will take this innovative approach to create a highgrowth business

NIM aims and objectives • NIM is a unique entrepreneurial model. The aim is to identify unmet needs and help establish businesses to satisfy that need. • Creating and growing a number of high growth business in the North East (£ 10 m t/o after 5 years) • De-risking the entrepreneurial process: attracting entrepreneurial personalities to develop the Innovation Machine

Solutions Finance People Partners IP Insights Opportunities N E E D BUSINESS Interim Managers Tools and support

NIM will set up a scalable and coachable model based on insight and needs driven innovation. The project will be based on three synergistic components: – – – Insight led identification of unmet needs and business case consultancy; Interim management, and fronting the investment; Funding with controlled exit

NSC Today • A strong partnership committed for the long term • A clear programme of activities delivering added value to the city • Innovative activities to start now

THANK YOU!